In most settings be it politics or even corporate life, the downside risk of saying "I did wrong. I'm sorry" is high

Rationalizing missteps pays off better than acknowledging mistakes - the latter is seen as a weakness

Yet few people cogitate on how to reduce this downside risk

One counter-argument to this is -

Rationalization and non-admission of supposed "mistakes" is a good thing, as it contributes to intellectual diversity

Else we sort of acknowledge there is one "right" course - and all other courses are "mistakes" that ought to be shunned

So one can make a conservative case for the status-quo by arguing that greater introspection is merely a cover for supporting the idea of "progress", and a means of suppressing the many varied forms of prejudices that contribute to intellectual diversity

3/ what I find amazing we in Canada/USA will boycott, pay more to avoid business who doesn’t meet a moral standard- but we protect and flock to China who are lawless, no human rights and jail Canadians at a whim.

Pak Economy dead!
2: Dr Bengali, a former advisor for Planning and Development to the Chief Minister of #Sindh province, spoke yesterday at a hotel in #Lahore at the launching of his research titled State of the Economy 1990-2015; Economy on a Roller Coaster –And Stuck in the Mud

3: #Pakistan’s economy over a quarter of a century, examined three sectors: major crops, minor crops and large-scale manufacturing.
“Average #GDP growth of 4 per cent cannot be expected to raise the per capita income sufficiently to reduce poverty,” the study states.

@fhgferreira@wb_research@WBG_Poverty (1/N) Response to @fghferreira's fourth point on the @worldbank's new work on global poverty estimates. The addition of a new multidimensional poverty measure that *includes* consumption/income poverty is a welcome step & can give rise to real additional insights....

@fhgferreira@wb_research@WBG_Poverty@WorldBank (2/N) The finding that #income#poverty is only imperfectly related to the presence of deprivations is important both in terms of evaluation and in directing policies. It is also helpful that one of the measures they are using is sensitive to overlaps between deprivations and....

@fhgferreira@wb_research@WBG_Poverty@WorldBank (3/n) ...does not merely count aggregate deprivations without concern for their correlation (as some well-known other measures do). But with any multidimensional measures the devil is in the details regarding how they are defined...

"In the colonial era, most of India’s sizeable foreign exchange earnings went straight to London—severely hampering the country’s ability to import machinery and technology in order to embark on a modernisation path similar to what Japan did in the 1870s."livemint.com/Companies/HNZA…

From 1765-1938, the British empire siphoned $45 trillion from India.

The UK ‘drain’ was 26-36% of the central government budget.

There was virtually no increase in per capita income between 1900 and 1946, even though India had the world's second-largest export surplus earnings.

🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH

🇺🇸🇨🇳🇪🇺 In a volley of filings, the EU, #China and the U.S. this week escalated disputes over new U.S. metals tariffs, the European response to those levies, and Chinese intellectual property practices - Bloombergbloomberg.com/news/articles/…